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Oji Paper Company

Japanese manufacturer


Summary

Japanese manufacturer

FieldValue
nameOji Holdings Corporation
native_name王子ホールディングス株式会社
native_name_langja
logoOji Holdings Logo.svg
logo_size200px
romanized_nameŌji Hōrudingusu Kabushiki-gaisha
former_namesTomakomai Paper Co., Ltd. (1949-1952)
Oji Paper Industries Co., Ltd. (1952-1960)
Oji Paper Co., Ltd. (1960-1993)
New Oji Paper Co., Ltd. (1993-1996)
Oji Paper Co., Ltd. (1996-2012)
imageOji Paper (headquarters 1).jpg
typePublic (K.K)
traded_as
Nikkei 225 Component
founderEi-ichi Shibusawa
foundation
(as Shoshi Keisha)
(as Tomakomai Paper)
location7-5, Ginza 4-chome
location_cityChūō, Tokyo
location_countryJapan
key_peopleKiyotaka Shindo, (CEO and President)
industryPulp and Paper
products
revenue$ 13.20 billion USD (FY 2012)
(¥ 1,241 billion JPY) (FY 2012)
net_income$ 272.202 million USD (FY 2012)
(¥ 25.6 billion JPY) (FY 2012)
num_employees27,360 (consolidated) (as of 31 March 2013)
footnotes
subsid156 (86 in Japan and 70 overseas)
website

Oji Paper Industries Co., Ltd. (1952-1960) Oji Paper Co., Ltd. (1960-1993) New Oji Paper Co., Ltd. (1993-1996) Oji Paper Co., Ltd. (1996-2012) Nikkei 225 Component (as Shoshi Keisha)

(as Tomakomai Paper) (¥ 1,241 billion JPY) (FY 2012) (¥ 25.6 billion JPY) (FY 2012) Oji Holdings Corporation is a Japanese manufacturer of paper products. In 2012 the company was the third largest company in the global forest, paper and packaging industry. The company's stock is listed on the Tokyo Stock Exchange and the stock is constituent of the Nikkei 225 stock index.

In 2012, Oji Paper restructured as a holding company, spinning off the paper division into a separate wholly owned company under the Oji Paper name.

Operations

Oji Paper produces paper for printing, writing, and packaging. It also manufactures containers made from paper products, chemicals used in the production of paper and paper packaging equipment.

The company has 86 production sites throughout Japan, and forestry operations in Australia, Brazil, Canada, China, Germany, New Zealand and other countries worldwide.

History

Oji Paper Company was founded February 12, 1873 by industrialist Shibusawa Eiichi as Shoshi Kaisha. Mills were established in 1875 in the village of Ōji, at the time a suburb of Tokyo, and in 1889 in Shizuoka. In 1893 Shibusawa renamed the company Oji Paper after the location of its first mill. William Anderson went to Japan to oversee the erection of the paper mill in 1871.

In 1933, Oji Paper merged with Fuji Paper and Karafuto Industries, developing into an oligopolistic corporation that produced 80 percent of Japan's Western-style paper.

Following World War II, in order to prevent anti-competitive activities caused by overconcentration, the Excess Economic Powers Decentralization Act was implemented, breaking up the company into three components: Tomakomai Paper, Jujo Paper, and Honshu Paper.

Tomakomai Paper began as a one-plant operation, but upon its expansion into Kasugai, Aichi in 1952, the company was renamed Oji Paper Industries, and in 1960, it was renamed Oji Paper again. Oji Paper expanded its business through acquiring competitors including Kita Nippon Paper, Nippon Pulp Industries, and Toyo Pulp.

In 1993, Oji Paper merged with Kanzaki Paper to become New Oji Paper, and furthermore, in 1996, New Oji Paper and Honshu Paper merged again to become Oji Paper.

In 2012 Oji Paper transferred to a pure holding company system and started anew under the trade name Oji Holdings Corporation.

New Zealand operations

In September 2024, Oji Fibre Solutions announced that it would close its Auckland pulp and paper recycling mill in mid-December 2024. The company would continue operations at its Kinleith Mill near Tokoroa. The company also confirmed that it would shift the processing of recycled paper waste from New Zealand to its Malaysian paper mill in Banting. Malaysian environmentalist Lay Peng Pua expressed concern that the increased volume of paper waste would pollute the nearby Langat River.

In mid November 2024, Oji Fibre Solutions proposed halting paper processing at its Kinleith Mill in Tokoroa by 2025, affecting 230 jobs. Oji CEO Jon Ryder said that manufacturing paper had become unprofitable but said the mill would continue to produce pulp. The company said it would consult with workers and confirm its decision by mid-January 2025. In mid February 2025, Oji Fibre Solutions confirmed plans to halt paper processing operations at Kinleith Mill by the end of June, affecting 230 jobs.

References

References

  1. "Corporate Data".
  2. "Annual Report 2013".
  3. "Global Forest, Paper & Packaging Industry Survey 2013 edition – survey of 2012 results". [[PricewaterhouseCoopers LLP]].
  4. "Components:Nikkei Stock Average". [[Nikkei Inc.]].
  5. "Company History".
  6. (18 September 2024). "Auckland pulp and paper mill closing permanently, union says". [[RNZ]].
  7. (19 September 2024). "Malaysian environmentalist fears closure of Auckland recycling mill will lead to pollution". [[RNZ]].
  8. (20 November 2024). "Kinleith Mill to halt paper production next year, with 230 jobs on the line". [[RNZ]].
  9. (14 February 2025). "More than 200 jobs may go as Kinleith Mill closes paper division". [[Radio New Zealand]].
Wikipedia Source

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